Fairbanks, Fairbanks North Star County, Alaska Property Taxes
Property Taxes in Fairbanks, Alaska
Median Fairbanks, Alaska effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, and higher than the Alaska state median of 1.16%.
Median Fairbanks, Alaska home value: $253,399
Median annual Fairbanks, Alaska tax bill: $3,073, $673 higher than the national median property tax bill of $2,400.
How are property taxes in Fairbanks North Star calculated?
Property taxes in Fairbanks, Alaska are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fairbanks's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairbanks, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Fairbanks, Fairbanks North Star County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.42%
Estimate Property Tax Bill
$3,598
$3,339
How Does the Fairbanks Property Tax Calculator Work?
Use this Fairbanks property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fairbanks' median effective tax rate of 1.42% — based on actual property records in Fairbanks North Star County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fairbanks' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Fairbanks: rates range from $2,823 in 99701 to $3,724 in 99705, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fairbanks.
About Fairbanks Property Taxes
About Property Taxes in Fairbanks, Fairbanks North Star, Alaska
Fairbanks's median effective property tax rate of 1.42% is higher than the Alaska state median of 1.16% and higher than the national median of 1.02%. This rate reflects the Fairbanks North Star County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Fairbanks. Homeowners in the 99709 ZIP code carry a median effective rate of 1.48%, while those in 99712 pay 1.32%. This spread — 0.16 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Fairbanks North Star County. Understanding which part of Fairbanks you live in can make a meaningful difference to your annual tax bill.
Fairbanks homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the February 28, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Fairbanks, Fairbanks North Star County, Alaska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Fairbanks's effective property tax rate to other cities in Alaska and the median property tax rates in Alaska and the U.S.
Property Tax Rates Across Fairbanks, Fairbanks North Star County, Alaska
Source: Ownwell
1.28%
1.38%
1.48%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fairbanks Tax Rate
1.42%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fairbanks North Star County Tax Rate
1.39%
Median Effective Alaska Tax Rate
1.16%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairbanks, Fairbanks North Star County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99701 | 0.49% | 1.18% | 1.42% | 1.65% | 1.65% |
| 99705 | 0.92% | 1.26% | 1.42% | 1.42% | 1.44% |
| 99709 | 0.54% | 1.03% | 1.48% | 1.65% | 1.73% |
| 99712 | 0.46% | 0.90% | 1.32% | 1.48% | 1.65% |
| 99702 | N/A | N/A | N/A | N/A | N/A |
| 99714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fairbanks, Fairbanks North Star County, Alaska
When examining property taxes in Fairbanks, Alaska, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fairbanks North Star County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Fairbanks North Star County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fairbanks.
For example, the median home price in Fairbanks is $253,399, with tax bills ranging significantly across the county. 99705 has the highest median home price at $283,176.
Property Tax Assessment Values Across Fairbanks, Fairbanks North Star County, Alaska
Source: Ownwell
$145,472
$214,324
$283,176
Median Fairbanks Market Value
$253,399
Median Fairbanks North Star County Market Value
$258,769
Median Alaska Market Value
$291,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairbanks, Fairbanks North Star County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99701 | $65,000 | $148,704 | $218,566 | $286,792 | $350,395 |
| 99705 | $24,401 | $46,041 | $283,176 | $381,869 | $414,062 |
| 99709 | $62,942 | $159,594 | $269,493 | $352,320 | $456,287 |
| 99712 | $33,848 | $124,078 | $257,312 | $354,932 | $437,838 |
| 99702 | N/A | N/A | N/A | N/A | N/A |
| 99714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fairbanks, Fairbanks North Star County, Alaska
Property tax bills in Fairbanks are based on the assessed value of a home and the local tax rate set by the Fairbanks North Star government. When a property’s market value changes, the assessed value can change too, which affects the final bill. For homeowners, that means a higher-value home may lead to a larger tax bill, while a lower assessed value may reduce what is owed.
In Fairbanks, the median home price is $253,399, and the median tax bill is $3,724 in ZIP code 99705 and $2,823 in ZIP code 99701. That range shows how property taxes can vary across the city depending on location and assessment. Compared with the national median property tax bill of $2,400, many homeowners in Fairbanks pay more, which can have a meaningful impact on monthly housing costs and long-term affordability.
Property Tax Bills Across Fairbanks, Fairbanks North Star County, Alaska
Source: Ownwell
$1,291
$2,508
$3,724
Median Fairbanks Tax Bill
$3,073
Median Fairbanks North Star County Tax Bill
$3,054
Median Alaska Tax Bill
$3,021
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairbanks, Fairbanks North Star County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99701 | $548 | $1,484 | $2,823 | $4,078 | $5,148 |
| 99705 | $346 | $577 | $3,724 | $5,121 | $5,496 |
| 99709 | $631 | $1,558 | $3,378 | $5,007 | $6,727 |
| 99712 | $294 | $1,111 | $2,838 | $4,629 | $6,120 |
| 99702 | N/A | N/A | N/A | N/A | N/A |
| 99714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 28 |
Links | |
|---|---|
| Fairbanks North Star Tax Assessor | |
| Website | propertysearch.fnsb.gov |